RE:New Fundamental Research ReportThanks Amanda!
Here's the summation folks: Fair market value still at $0.68. Wouldn't even $0.18 be nice! lol.
Bayhorse Silver Inc TSXV: BHS $0.07 $0.68 Mar-3-2020
PR Content Assay results from ore-sorting at the Bayhorse silver mine in Oregon returned very low silver grades of 15 g/t in the rejected material.
FRC Opinion Positive –
We are encouraged by this as it demonstrates that ore-sorting is likely to be viable for Bayhorse’s material. The company has shipped samples to smelters for off-take pricing, and we believe the viability of ore-sorting improves the project’s economics. Note that the project has a highgrade inferred resource estimate of 292,300 short tons at 21.65 opt for 6.33 Moz of contained silver. The project can be quickly put back into production. The company also holds the Brandywine gold project in B.C.; historic samples from this project have returned up to 1.52 meters of 20.2 g/t gold.